Southern Asia: Lime Market 2024

Lime Market Size in Southern Asia

The South Asian lime market stood at $X in 2021, with an increase of 4.7% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Lime Production in Southern Asia

In value terms, lime production reached $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.4% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 47%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Lime Exports

Exports in Southern Asia

In 2021, exports of quicklime, slaked lime and hydraulic lime in Southern Asia skyrocketed to X tons, growing by 18% on the previous year's figure. Total exports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by 92% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, lime exports surged to $X in 2021. Overall, exports enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 165%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India dominates exports structure, resulting at X tons, which was near 96% of total exports in 2021. Pakistan (X tons) held a relatively small share of total exports.

Exports from India increased at an average annual rate of +2.7% from 2012 to 2021. At the same time, Pakistan (+20.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +20.6% from 2012-2021. While the share of Pakistan (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest lime supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4.5% share of total exports.

In India, lime exports increased at an average annual rate of +2.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 5.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 38%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Pakistan ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+15.7%).

Lime Imports

Imports in Southern Asia

In 2021, purchases abroad of quicklime, slaked lime and hydraulic lime decreased by -18.3% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, lime imports fell slightly to $X in 2021. In general, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons) and Bangladesh (X tons) prevails in imports structure, together creating 95% of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +31.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Bangladesh ($X), India ($X) and Nepal ($X) were the countries with the highest levels of imports in 2021, together accounting for 97% of total imports.

Bangladesh, with a CAGR of +30.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 17% against the previous year. In general, the import price showed a mild expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Nepal ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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